China's High Speed Transmission H1 revenue falls on lower deliveries

China High Speed Transmission Equipment

27/08/2026 15:38

Overview
China wind and industrial gear maker's H1 revenue fell 25% yr/yr, profit rose 10%
Gross profit margin improved to 24.2% from 18.6% yr/yr

Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers
LOWER WIND-GEAR DELIVERIES – Revenue fell 24.6%, mainly due to fewer wind gear transmission equipment deliveries and a shift toward higher-margin products
MARGIN EXPANSION – Gross margin rose 5.6 percentage points to 24.2%, driven by tighter cost control, higher-margin products and new-customer margins

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
RMB 32.9 mln
 

Analyst Coverage
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
Aug 26 - China's CGN New Energy H1 profit halves on weak wind projects
Aug 27 - China Saftower FY revenue hit by weak demand, loss narrows on cost cuts
Aug 26 - Switzerland's Gurit H1 sales rise 16% on Wind Materials unit strength

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/84088a16-35fc-45ff-938b-9de4b07a454f.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)